FTSE Confirms Regular Reshuffle - Eight Changes FTSE 100, Twenty One Changes To FTSE 250

Eight company changes have been confirmed to the FTSE 100, the UK's blue chip index, while twenty one changes will be made to the FTSE 250, the index of mid sized companies. The changes, which were approved this afternoon at the quarterly meeting of the FTSE Committee, are an accurate reflection of the UK's stock market.

Companies to be deleted from the FTSE 100 are all from the TMT sectors - Carlton Communications, Misys, CMG, Telewest Communications, Colt Telecom Group, Energis, Spirent and Marconi will be added to the FTSE 250 index. Traditional economy stocks Friends Provident, Wolseley, Enterprise Oil, Severn Trent, British Land Co, Innogy Holdings, MAN GROUP and Northern Rock will replace them. Among the relegations from the FTSE 250 into the FTSE SmallCap index are former FTSE 100 stocks Psion, Thus, and Bookham Technologies. A full list of all constituent changes to the UK indices approved today can be seen at http://www.ftse.com.

Mark Makepeace, FTSE's Chief Executive commented, "Last night's close figures were used to calculate today's review. The additions and deletions are very similar to sample reviews conducted throughout last week, so FTSE and the Committee believe that they are reflective of market conditions."